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To: mnehrling

Anyone getting a 100% loan/value loan.. stupid. He’s a greedy bubble victim, let him face his mistakes like a man.


71 posted on 02/19/2009 12:30:10 PM PST by montyspython (Love that chicken from Popeye's)
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To: montyspython
Anyone getting a 100% loan/value loan.. stupid.

It is not about the 100% thing. Who cares what the % is if you can afford it? I bought my first house and with a just over 60k salary I was preapproved for around 300k!!!! Totaly insane. But I had no problem paying on a 100k house, which I bought. It is not about what % you put down it is about how big the payment is as a fraction of your income and income potential.
79 posted on 02/19/2009 1:45:09 PM PST by TalonDJ
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